A bank gives you a simple interest loan at a rate of 5.5% . After 3 years you have paid the entire principal plus $41.91 in inte

Question

Elis [28]

4 years ago

13

A bank gives you a simple interest loan at a rate of 5.5% . After 3 years you have paid the entire principal plus $41.91 in inte

rest . What was the original amount of your loan

Mathematics

1 answer:

Tomtit [17] · Answer 1 · 2022-02-03T01:07:02+03:00

Tomtit [17]4 years ago

7 0

It will equate to about $35.97 if you wish to check the math you take 35.97 multiply it by 5.5% getting 1.97835 or 5.93505 for the whole three years add it to 35.97 and get 41.90505